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China data sparks recession angst
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Burberry Information
Share Price Information for Burberry (BRBY)
Share Price is delayed by 15 minutes
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Share Price:
985.00
Bid:
981.80
Ask:
982.40
Change:
12.80 (1.32%)
Spread:
0.60 (0.061%)
Open:
972.40
High:
989.80
Low:
972.40
Prev. Close:
972.20
Last checked at -
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Don't have an account? Click here to register.Bernstein bumps Burberry up to 'market perform'
Tue, 21st May 2019 15:14
(Sharecast News) - Bernstein upped its stance on shares of luxury brand Burberry to 'market perform' from 'underperform' on Tuesday, saying it sees a more balanced risk/reward following the drop in the share price last week after its full-year results.It cited three reasons why Burberry could improve top-line growth performance in its stores going forward."a) The new Riccardo Tisci collection will come to the stores over the next few quarters; b) senior management is reporting very strong consumer traction of the new styles introduced; c) 80 stores will be in the renewed format by the end of FY20E, representing circa 50% of sales."Bernstein, which left its price target at 1,780p, said self-help stories such as Burberry continue to be exposed to a "yo-yo" risk, as they rise on investors "wanting to believe" and fall on less-than-exciting updates."Therefore we see value in being realistic, tactical, and open-minded," it said, adding that it will keep its "eyes open and ears on the ground" to confirm brand momentum down the road, and act accordingly.In its preliminary results last week, Burberry posted flat underlying profit as cost cuts offset a drop in revenue. Adjusted operating profit for the year to the end of March fell 6% to £438m but excluding currency movements profit was flat.Revenue at constant exchange rates fell 1% to £2.72bn and operating costs fell 1% to £1.42bn, while pre-tax profit rose 7% to £441m.At 1600 BST, the shares were up 0.8% at 1,816.50p.
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23 May 2023 15:52
European luxury stocks stumble on U.S. concerns after stellar run
MILAN, May 23 (Reuters) - Shares in European luxury goods makers fell sharply on Tuesday as investors took profit after the sector's stellar run this year amid concerns over weakening demand in the United States.
Read more22 May 2023 16:54
LONDON MARKET CLOSE: European stocks underwhelm amid US debt drama
(Alliance News) - London's FTSE 100 outperformed in a tricky start to the week for European equities, with investors moving with trepidation as eyes remain on Washington for US debt ceiling talks.
Read more22 May 2023 12:16
LONDON MARKET MIDDAY: Shares mixed amid US debt ceiling nerves
(Alliance News) - Stock prices in London were mixed at midday on Monday, as investors closely eye developments in US debt ceiling negotiations, as a June 1 deadline creeps ever closer.
Read more22 May 2023 09:23
LONDON BROKER RATINGS: Citigroup cuts Sainsbury to 'neutral'
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:
Read more22 May 2023 07:53
LONDON BRIEFING: UK cuts NatWest stake below 40%, halved from peak
(Alliance News) - Stocks in London were called to open flat on Monday, after news that UK house prices hit a new record high in May and amid resumed talks to break the impasse over raising the US debt ceiling.
Read more19 May 2023 17:35
UK's FTSE 100 climbs on upbeat consumer confidence data
May consumer confidence -27 vs -30 last month
*Read more19 May 2023 12:14
LONDON MARKET MIDDAY: European equities up on hopes of US debt deal
(Alliance News) - Stock prices in London were higher at midday on Friday, with markets upbeat following a positive consumer confidence reading in the UK and amid growing hopes of a debt ceiling deal in the US.
Read more19 May 2023 09:07
LONDON BROKER RATINGS: RBC raises St James's Place to 'outperform'
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:
Read more19 May 2023 08:46
LONDON MARKET OPEN: Stocks rise on US debt optimism; Nikkei shines
(Alliance News) - Stock prices in London were on the up at Friday's open, with sentiment boosted by progress on debt ceiling talks in the US.
Read more18 May 2023 17:27
European stocks climb on U.S. debt ceiling optimism
German DAX rallies to fresh Jan 2022 highs
*Read more18 May 2023 17:18
UK equities rise on upbeat global mood; Burberry, BT Group lag
Burberry down after reporting U.S. sales drop
*Read more18 May 2023 16:56
LONDON MARKET CLOSE: Stocks up and dollar boosted by hawkish Fed bets
(Alliance News) - London's FTSE 100 ended higher on Thursday, continuing a slightly up-and-down week, helped by a weaker pound, as a rally in the dollar on an unwinding of doveish Federal Reserve bets continuing.
Read more18 May 2023 14:19
(OFFICIAL)-UPDATE 3-Burberry shares drop as weak US demand overshadows China rebound
China sales rebound in Q4
*Read more18 May 2023 12:33
LONDON MARKET MIDDAY: Stocks and dollar up on US debt ceiling optimism
(Alliance News) - Stock prices in London were higher at midday on Thursday as growing confidence about US debt ceiling negotiations helped to lift market mood, buttressed by some strong individual shares performances from the likes of Aston Martin and Genuit.
Read more